HK Stock Market Move | Shanghai Fudan (01385) surged by more than 5% in early trading. Guosheng Capital intends to invest approximately 5.144 billion yuan in acquiring 12.99% of the company's shares.

SHANGHAI FUDAN (01385) rose more than 5% in the morning session, as of the time of writing, it rose by 4.02% to 44.48 Hong Kong dollars with a turnover of 74.2722 million Hong Kong dollars. On the news front, SHANGHAI FUDAN announced that on November 14, 2025, Fuxin van Gao and GUOSHENGTOUZI signed the "Shanghai Fuxin van Gao Integrated Circuit Technology Co., Ltd. and Shanghai Guosheng Group Investment Co., Ltd. on the Share Transfer Framework Agreement of SHANGHAI FUDAN Microelectronics Group Limited". GUOSHENGTOUZI intends to acquire 106,730,000 shares of A shares held by Fuxin van Gao through an agreement transfer, accounting for 12.99% of the total shares of Shanghai Fudan Microelectronics Group. After this transfer is completed, GUOSHENGTOUZI will become the largest shareholder of Shanghai Fudan Microelectronics Group. Shanghai Fudan Microelectronics Group will still be in a non-controlling shareholder and non-actual controller status, will not have a significant impact on the business management of Shanghai Fudan Microelectronics Group, and will not involve a tender offer. On December 23, 2025, Fuxin van Gao and GUOSHENGTOUZI formally signed the "Share Transfer Agreement". GUOSHENGTOUZI intends to acquire 106,730,000 shares of A shares held by Fuxin van Gao through an agreement transfer, accounting for 12.99% of the total shares of Shanghai Fudan Microelectronics Group. The transfer price of the target shares is determined to be approximately 5.144 billion yuan, or 48.20 yuan per share.